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Property profile & analytics
FOR LEASE
Office buildings
120 Washington St, Rochester, NH 03867
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US58-0388338
For Lease
1 / 2
$16 SF/Yr
120 Washington St, Rochester, NH 03867
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2013
Construction
FRAME
Total area
19,555 SF
Lot
1.7 ac (74,052 SF)
Zoning code
HC
APN
RCHE M:0123 B:0066 L:0000
UPID
US58-0388338
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Granite State Lab, LLC Medical Laboratory
-
United Insurance Insurance Agency
-
OneMain Financial Loan Service
-
Edward Jones - Financial Advisor: Chris Hooper, AAMS® Financial Advisor
-
Access Sports Medicine and Orthopaedics Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$2.62M
Owner & transaction history
Jesse O Bibeau · 7 yrs held
Jesse O Bibeau
since 2019
7 recorded transactions
Zoning & alternative use
HC · Rochester, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+6.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rochester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,130,000
Current use
RESTAURANT
$2,260,000
Change: +6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,095,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,750,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$134 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$61,758
Tax year 2023
Assessed value
$2,399,300
Assessed 2023
Previous assessed
$2,399,300
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$280,500
Assessed improvement
$2,118,800
Applied tax rate
65,140.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2013
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
10
Rooms
3
Bathrooms
8
Total area
19,555 SF
Lot
1.7 ac (74,052 SF)
Zoning code
HC
APN
RCHE M:0123 B:0066 L:0000
UPID
US58-0388338
Jurisdiction
ROCHESTER CITY
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
HC · Rochester, NH
Zoning HC · permitted uses
HC · Rochester, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rochester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
10
Rooms
3
Bathrooms
8
Lot
1.7 ac
Current owner
From public records · entity-resolved
Jesse O Bibeau
Individual
Mailing address
120 WASHINGTON ST UNIT #302, ROCHESTER, NH 03839-5536
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
—
Mcgroen Partners LLC
—
Deed
related
$3,150,000 · Newburyport Five Cents Savings Bank
Jun 5, 2019
$319,933
Jesse O Bibeau
Groen Construction INC
Warranty Deed
$314,105 · Newrez LLC
May 10, 2019
$330,000
Robert L O'leary
Groen Construction INC
Warranty Deed
$313,500 · Harborone Mtg LLC
Nov 15, 2018
$48,000
Groen Construction INC
Huckins,john D & Cheryl A
Warranty Deed
$200,000 · Eastern Bk
Sep 17, 2018
$200,000
Groen Construction INC
Scruton D & J 2016 Trust
Warranty Deed
—
Jul 11, 2013
—
Mcgroen Partners LLC
—
Deed Of Trust
related
$2,025,369 · Centrix Bank & Trust
Dec 28, 2012
$500,000
Mcgroen Partners LLC
Greendeck LLC
Warranty Deed
—
Nov 2, 2007
$140,000
Greendeck LLC
Janet A Vachon Ret
Warranty Deed
—
—
—
Mcgroen Partners LLC
—
Deed Of Trust
related
$750,000 · Eastern Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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